Energy Markets Experience Significant Drop in Crude Inventory for Week Ending Jan. 12

• Commercial crude stocks for the week ended Jan. 12: 429.9M barrels
• Crude inventory change: -2.5M barrels vs. +1.3M barrels for the
  week ended Jan. 5. Consensus estimate -0.313M.
• Gasoline inventory change: +3.1M barrels vs. +8M barrels for the
  week ended Jan. 5. Consensus estimate +2.150M.
• Distillates inventory change: +2.4M barrels vs. +6.5M barrels for the
  week ended Jan. 5. Consensus estimate +0.880M.
• SPR: +0.6M barrels vs. +0.6M
  barrels for the week ended Jan. 5.
• Futures (CL1:COM )
• ETFs: USO, UCO, SCO, BNO, DBO, USL.

Click here to read the full EIA Weekly Petroleum Status Report.

Image Source: EIA